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Alexandria Ocasio-Cortez Thread (8 Viewers)

djmich said:
What’s crazy is that the avg salary for these 25k jobs is supposed to be $150k/yr and you’d think from the soundbytes Amazon was going to turn LIC into a gulag.
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Yeah, I’m still trying to figure that out.  None of the Amazon jobs on Glassdoor would get to that number. 

 
Henry Ford said:
Yeah, I’m still trying to figure that out.  None of the Amazon jobs on Glassdoor would get to that number. 
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Could be total compensation.

These are also headquarters jobs.  Probably a fair amount of executives.

 
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jonessed said:
Could be total compensation.
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It was announced as average salary. But it could be total compensation.  And compensation may be in line with Amazon’s other jobs.

If that’s the case, NYC would have been giving in its incentive package $110,000 each for roughly $105,000 average salary jobs. 

 
Henry Ford said:
It was announced as average salary. But it could be total compensation.  And compensation may be in line with Amazon’s other jobs.

If that’s the case, NYC would have been giving in its incentive package $110,000 each for roughly $105,000 average salary jobs. 
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Just for the one year.

 
jonessed said:
Both de Blasio and Amazon singled her out as one of the reasons it fell through.  Amazon specified her and Van Bramer as the primary reasons.
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In addition, she agreed to give a lengthy CNN interview devoted to this subject and her reason for opposing Amazon, which I watched. So it’s a little disingenuous for her to claim surprise that she is the one being focused on with regard to this issue. 

 
irishidiot said:
I do like her bold attitude.  she won this seat with a 4% turnout.  good for her.  she is likable but a raving idiot.

I respect her but she is stupid to the 10th degree.  IMO
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Be way cooler and do not do this. Don't call Congresswoman Ocasio-Cortez an idiot. Don't call President Trump an idiot. Please make your points and be cool about it. TIA.

 
Henry Ford said:
It was announced as average salary. But it could be total compensation.  And compensation may be in line with Amazon’s other jobs.

If that’s the case, NYC would have been giving in its incentive package $110,000 each for roughly $105,000 average salary jobs. 
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I dont fee like reading more articles on this thing. Could you give me cliffsnotes on how it costs the city more if the employees get paid more?

 
IvanKaramazov said:
Obviously if the Democrats drop off the deep end too, that would change things, but I don't see that as a foregone conclusion.
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Clearly, a long way to go but when they start off by all (or most) endorsing the AOC plan, that is literally the worst idea/plan I have ever heard in my life. They are making strong progress in dropping off the deep end.

 
cubd8 said:
Clearly, a long way to go but when they start off by all (or most) endorsing the AOC plan, that is literally the worst idea/plan I have ever heard in my life. They are making strong progress in dropping off the deep end.
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Since it is a policy statement and not an actual plan it would be lacking as a plan.   

 
fatguyinalittlecoat said:
Dooook said:
This doesn't appear to be correct. 

For Example Mississippi has a combined tax rate of 12.21%, which is 13.5% higher than the national average, and ranks very low in educational attainment. 

Below are the top ten in highest taxes and highest % of population with a Bachelors Degree (in many cases the areas with high rates of bachelor degrees have lower rates of high school grads.)

Highest Taxes:  IL, CT, NE, NY, RI, WI, OH, IA, NJ, MI, PA, KS

Highest Education Rate:  DC, MA, CO, MD, CT, NJ, VA, VT, NH, NY, MN

Link Taxes

Link Education
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That's interesting, I'm surprised by that list of high tax states.  
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While there are many discussions where this presentation of tax data would be useful, I don't think this particular topic is one of them.   This isn't saying that Mississippi residents pay a large dollar amount of taxes but relative to income they pay a large percentage.  Resorting that list in other ways gets us a lot closer to correlating to the highest education list.   As incomes go up we would expect sales taxes and property taxes to smaller hits on overall income even if there is a progressive income tax structure.

 
The problem with high income tax rates is that most often you are not actually taxing the super wealthy, you are taxing people trying to become weathy.  It effectively keeps people from becoming wealthy without penalizing those who already are.  

 
parasaurolophus said:
I dont fee like reading more articles on this thing. Could you give me cliffsnotes on how it costs the city more if the employees get paid more?
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It doesn’t, if they’re over a certain threshold anyway.  Some of the incentives are tied to number of jobs created with a certain salary level. 

 
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bradyfan said:
Henry Ford, I have been wondering what Democratic Socialists think about compensation.  Should everyone get the same salary regardless of their responsibilities and should employees even be paid according to skills or performance?
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Democratic socialism is just regulated capitalism.  

 
Henry Ford said:
I feel like there are big parts of that argument that are missing. 
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There's a lot to argue on it.  A lot depends on how you view leaving money to your children. Should the government have the ability to come back in and take more out of post tax dollars before the children receive it on someone's death?  Essentially this is a double dip of the dollars.  So it really depends on if you believe that because it passes within the family that it should be taxed a second time.  The estate tax is already in place so it's been established that it can be done.  A lot of people though don't agree with it because they feel things they pass on to their children that they paid taxes on already they should be able to leave without it getting hit a second time.  That doesn't begin to get into the nature of estates primarily comprised of property, especially non revenue or low revenue producing property and how to value those.

Also keep in mind that the AMT was originally never written to impact the volume of people it does today.  One of the reasons there has been a big push back on the estate tax is to try and avoid that same "creep".   The question could also be asked, why even have the exclusion and just turn the estate tax into a progressive rate system and subject every estate to it?  

 
Henry Ford said:
I will never understand why Americans aren’t all over taxes on huge estates.  Is it just everyone believing that a dead rich uncle is going to appear out of nowhere?
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Sometimes they do appear.     No joke..a friend of mines wife had an uncle in Arizona who never got married, no kids.

 They had only seen him a few times at weddings and some family gatherings. Well he got sick a few years ago and the only living relatives were my friends wife and her sister.  They went out to Arizona to help him and my friend calls me and say...I have no idea the total but Uncle Jack is loaded!   They guy had owned a bunch of patents and was the CEO of a company.  Well of course now they want to take care of Uncle Jack and they moved him to Michigan into assisted living near their home.  When Jack passed their total take was over 4 million per sister, plus he owned a home in Arizona and a place in the Napa Valley.

 
Shula-holic said:
There's a lot to argue on it.  A lot depends on how you view leaving money to your children. Should the government have the ability to come back in and take more out of post tax dollars before the children receive it on someone's death?  Essentially this is a double dip of the dollars.  So it really depends on if you believe that because it passes within the family that it should be taxed a second time.  The estate tax is already in place so it's been established that it can be done.  A lot of people though don't agree with it because they feel things they pass on to their children that they paid taxes on already they should be able to leave without it getting hit a second time.  That doesn't begin to get into the nature of estates primarily comprised of property, especially non revenue or low revenue producing property and how to value those.

Also keep in mind that the AMT was originally never written to impact the volume of people it does today.  One of the reasons there has been a big push back on the estate tax is to try and avoid that same "creep".   The question could also be asked, why even have the exclusion and just turn the estate tax into a progressive rate system and subject every estate to it?  
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Because de minimis estates generally transfer only personal property and limited if any funds or valuable liquid or easily liquidatable assets so taxing them would require sale of heirloom property and we aren’t generally going to make that necessary in this country. 

 
bradyfan said:
I only asked about ownership.  I did not mention capitalism.
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It’s very clear she does not own “the loot” though she does own quite a bit of loot. 

The UK is primarily a country of private ownership. A monarch with absolute authority and ownership would be antithetical to that.  

In fact, a monarch attempted to seize the country back from Parliament once and it went rather poorly, as I recall. 

 
Henry Ford said:
Because de minimis estates generally transfer only personal property and limited if any funds or valuable liquid or easily liquidatable assets so taxing them would require sale of heirloom property and we aren’t generally going to make that necessary in this country. 
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Yet it has happened with the estate tax and land.  My point isn't to argue for or against the theory, but the theory behind the estate tax is that you can't pass things down within your family without a second dip of taxation.  I'm saying a lot of people don't like that idea and see the exclusion as the only thing preventing them from being in that same boat.  

 
Shula-holic said:
Yet it has happened with the estate tax and land.  My point isn't to argue for or against the theory, but the theory behind the estate tax is that you can't pass things down within your family without a second dip of taxation.  I'm saying a lot of people don't like that idea and see the exclusion as the only thing preventing them from being in that same boat.  
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I’m not arguing against the exemption. 

 
Henry Ford said:
I will never understand why Americans aren’t all over taxes on huge estates.  Is it just everyone believing that a dead rich uncle is going to appear out of nowhere?
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fatguyinalittlecoat said:
A lot of people like when other people pay taxes.  That’s the confusing part about why estate taxes aren’t more popular.
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It's because Limbaugh and the rest of conservative talk radio have republicans convinced that they will be billionaires one day because they work hard. Conversely democrats, aka liberals, are lazy and just want free stuff from republican's hard work. 

 
bradyfan said:
I did not ask if socialism is successful in GB.  I simply asked if you own the loot if someone else decides how to spend it.
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And I simply asked you if you consider Great Britain to be a country where ownership of capital isn’t primarily privately owned.  Glad to be back here with you. 

 
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